Seeking Alpha, Inc. (AMZN)

  • Jul. 17, 2013, 1:59 PM
    More bad news for leading Groupon (GRPN +5.7%) rival LivingSocial: the company has shuttered both its NYC office and local events unit in an effort to pare costs. The moves come a month after the company closed its Seattle office and requested employees work remotely. LivingSocial, 29%-owned by Amazon (AMZN), posted a $50M net loss in Q1 to go with revenue of $135M (+23% Y/Y).
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  • Jul. 15, 2013, 2:03 PM
    The number of U.S. advertisers using Google's (GOOG +0.5%) Product Listing Ads (PLAs, tied to Google Shopping) rose 54.7% Q/Q in Q2 to nearly 10K, and the number of ads they're running rose 20.8% to 156K, estimates Jefferies. The firm adds PLAs carry higher prices than Google's AdWords search ads, and thinks Google plans to eventually let users buy items through them without leaving its site. Jefferies' numbers come a few days after ChannelAdvisor reported of a pickup in client sales driven by shopping engines. BI's Jim Edwards argues the figures are bad news for Amazon (AMZN -0.8%), which relies more on regular Google results (pushed down on some pages by PLAs). (Amazon's online ad efforts)
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  • Jul. 12, 2013, 10:40 AM
    Japanese e-commerce giant Rakuten is looking to take on Netflix (NFLX +4.1%) and Amazon's (AMZN +1.2%) Lovefilm unit in Europe: the company is launching a beta of its Wuaki TV/movie streaming service, already offered in Spain, in the U.K., and plans to offer it across top European markets within the next 18-24 months. Wuaki is initially charging U.K. subs just £2.99/month ($4.50/month); Netflix and Lovefilm respectively charge £5.99/month and £4.99/month. Wuaki needs to play catch-up when it comes to TV/mobile device support; for now, the service only works on PCs. There are still several large European markets uncovered by Netflix, Lovefilm, or both, but the companies are gradually changing that.
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  • Jul. 11, 2013, 5:17 PM
    Amazon (AMZN +2.5%) crosses $300 for the first time and closes just slightly below the mark after ChannelAdvisor (ECOM +3.6%) reports same-store sales for clients relying on Amazon rose 30.6% Y/Y in June, better than May's disappointing 25.8% and even with April. eBay (EBAY +1.8%) clients posted 17.7% same-store growth, up from May's 16% but below April's 20.5% - auctions -17.2%, fixed-price sales +18.9%, Motors +27.8%. In a positive for Google (GOOG +1.7%), search ad-driven same-store sales rose 5.1% and shopping engine sales 10%; those numbers are better than May's -0.8% and +0.3%. Topeka notes Amazon faced tougher comps in June than May.
  • Jul. 10, 2013, 3:10 PM
    Amazon (AMZN) lands streaming rights to more Miramax films (Good Will Hunting, Pulp Fiction, The English Patient) under an expanded content deal. In the fragmented world of streaming options for consumers, the term "exclusive" has taken on grand significance in content deals, but today's Amazon-Miramax agreement is of the garden variety "non-exclusive" type.
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  • Jul. 10, 2013, 9:57 AM
    Rackspace (RAX -3.3%) dives after Amazon Web Services (AMZN +0.2%) cuts EC2 cloud computing prices for dedicated instances (i.e. hardware dedicated to a single client) by up to 80%. Though AWS is known for cutting prices early and often, the size of this cut makes it noteworthy. Moreover, the fact it covers dedicated hardware suggests Amazon is taking aim not only at the cloud infrastructure services provided by the likes of Rackspace, Microsoft, and Google, but also the traditional hosting services offered  by Rackspace and others.
  • Jul. 10, 2013, 9:31 AM
    U.S. district judge Denise Cole declares Apple (AAPL) guilty of conspiring to fix e-book prices, in violation of antitrust law, and says a damages trial will take place. Apple's publisher partners have already settled with the DOJ. The ruling arguably represents a win for e-book rival Amazon (AMZN), which wants to maintain the right to set its own e-book prices (regained last year following publisher settlements with the DOJ and EU).
  • Jul. 9, 2013, 6:17 PM
    More on Citi's Internet coverage launch: Analyst Mark May, taking over for the fired Mark Mahaney, predicts Google (GOOG) will benefit from advertiser and publisher interest in consolidating ad sales/spend, so as to benefit from better scale and data. He notes Google has made the most progress in creating an end-to-end ad platform, but cautions more work is needed. May thinks Amazon (AMZN) can post at least a 17% CAGR over the next 5 years, and believes investors are getting AWS and other growth initiatives for free at current levels. He cites slowing top-line growth (expected to fall to 10%-15% in the next 2-3 years), caused in part by high penetration rates, as a reason for starting OpenTable (OPEN) at Sell. OPEN -3.5% AH.
  • Jul. 9, 2013, 4:30 PM
    Citi launches coverage on the Internet services space after the bell. Google (GOOG), Amazon (AMZN), Yahoo (YHOO), AOL, and eBay (EBAY) have been started at Buy, Netflix (NFLX), Facebook (FB), LinkedIn (LNKD), Yelp (YELP), and Zillow (Z) at Neutral, and OpenTable (OPEN) at Sell. OPEN -4% AH.
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  • Jul. 9, 2013, 3:58 PM
    Amazon (AMZN +0.4%) roundup: 1) Apple's (AAPL) lawsuit against Amazon over the name of its app store (Appstore for Android) has been dismissed at the request of both parties. Apple says it "no longer [sees] a need" to pursue the case, given the success of its App Store. 2) Amazon's publishing arm has launched a comic book imprint called Jet City Comics. Series' based on stories from writers Neal Stephenson, Hugh Howey, and George R.R. Martin are on tap. Book publishers haven't been thrilled about Amazon's efforts to compete with them.
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  • Jul. 9, 2013, 12:29 PM
    Amazon's (AMZN +0.2%) 2013 Kindle Fire lineup will feature tablets with higher display resolutions than 2012 counterparts, "trusted sources" tell BGR. The regular 7" Fire ($159, 1024x600 resolution) will be replaced by a model with a 1280x800 resolution, the 7" Fire HD (recently cut to $169, 1280x800) by one with a 1920x1200 resolution, and the 8.9" Fire HD ($269, 1920x1200) by one with a 2560x1600 resolution. The new Fires will also reportedly be lighter, sport "a more angular design," and have an improved button layout. The hardware is expected this fall, possibly in September. IDC estimates Kindle Fire shipments (not the same as end-user sales) totaled 6M in Q4, and 1.8M in Q1.
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  • Jul. 8, 2013, 2:36 PM
    The CEO and COO of Amazon's (AMZN +1.6%) rapidly expanding Quidsi unit, Marc Lore and Vinit Bharara, have left the company. Lore and Bharara co-founded Quidsi, which Amazon bought for $545M in 2010. The business started out as an online diaper seller, but has since branched out into beauty products, toys, housewares, kids' apparel, and pet supplies, among other things. An Amazon Prime-like membership program was recently launched.
  • Jul. 7, 2013, 8:00 AM
    For book lovers, Amazon (AMZN) has been great, writes David Streitfeld in the NYT, but its total dominance of the book market means that no-one knows the "real" price of a book. Take recent hit "Cotton Tenants" - a rediscovered article by James Agee - whose list price is $24.95 but has been sold from $16-19.79. The inconsistency means publishers don't know how to price books so that they can still make money following the Amazon discount, if it comes, and not price out the smaller retailers.
  • Jul. 5, 2013, 4:46 PM
    Amazon (AMZN) has responded to Barnes & Noble's (BKS) Nook price cuts (coming ahead of a tablet market exit), and perhaps also the pending launch of a next-gen Nexus 7, by slashing the U.S. price of the 7" Kindle Fire HD to $169 from $199. Meanwhile, both Amazon and B&N have cut tablet prices in Europe. In the U.K, the 7" Nook HD (8GB) now goes for £99, and the 7" Kindle Fire HD (16GB) for £139. In addition to Google, Amazon and B&N have been seeing tough competition from Samsung and a slew of Chinese/Taiwanese OEMs selling sub-$200 Android tablets.
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  • Jul. 5, 2013, 11:46 AM
    Has Amazon (AMZN -0.1%) responded to Borders' bankruptcy and Barnes & Noble's (BKS +1.8%) struggles by paring back its book discounts? Writers and publishers talking to the NYT say that's the case, at least for "scholarly and small-press books." A trade firm surveying 18 publishers found 14 of them saying Amazon had, over the last few years, "either lowered discounts on scholarly books or, in the case of older or slow-selling titles, completely eliminated them." An Amazon spokeswoman insists the e-commerce giant is still lowering prices.
  • Jul. 3, 2013, 4:10 PM
    Some downbeat EMC reports: 1) A source tells The Register EMC's strategy for object storage is "confusing, flawed, and inefficient … and causing internal fireworks." In addition to its Centera and Atmos lines, EMC's growing Isilon scale-out NAS storage family supports object storage, as does its new ViPR platform for managing EMC and non-EMC hardware/services. 2) RBC reports a software update for EMC's mid-range VNX line has been delayed, and that the company's Data Domain deduplication hardware business (has been growing fast) is "facing incremental headwind" from Amazon's (AMZN) S3 storage service. 3) Network World reports VMware (VMW) sales exec Mike Clayville has left to become Amazon's enterprise cloud sales chief, making him the latest in a line of execs to depart (previous).
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Company Description Inc is an online retailer. The Company sells its products through the website which provides services, such as advertising services and co-branded credit card agreements. It also offerselectronic devices like Kindle e-readers and Fire tablets.
Sector: Technology
Country: United States